Word: bonus
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Dates: during 1930-1939
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Onetime National Commander of the American Legion Johnson remarks: "The Bonus is not an issue." That is correct; but the two vetoes of the Bonus are an issue...
...additional taxes are proposed," said Franklin Roosevelt in January 1936. Two months later, on the ground that the Bonus bill had been passed over his veto and processing taxes outlawed, he asked for and got, a law imposing new taxes of $793,000,000 a year...
...there is one person U. S. War Veterans should cordially dislike, it is Franklin D. Roosevelt, who twice vetoed their Bonus Bill. To persuade them that the President is still their best bet in the White House, National Democratic Chairman Farley last week patched together a Veterans Advisory Committee of Spanish War Veterans, Veterans of Foreign Wars, et al. To head this committee he appointed fat, jovial Louis Arthur ("Louie") Johnson, onetime (1932-33) National Commander of the American Legion. Legionary Johnson is also an Elk, a Shriner, a Mason and an Odd Fellow, all of which sodalities consider...
Having already received his Bonus along with 3,500,000 other veterans, West Virginia's Johnson last week trumpeted: "The Roosevelt Administration has been eminently fair to ex-soldiers. There has been more done on hospitalization for veterans in the past few years than in any comparable period. . . . The Bonus is not an issue...
...threat of such credit inflation that gives bankers like Chase National's Chairman Winthrop Aldrich the jitters every time they think about it. And, through the mysteries of central banking, excess reserves are about to take another rise as a result of the payment of the Bonus, the Reserve Board estimating that the total will be about $3,400,000,000 by mid-August. This will be merely a delayed rise, since the real cause of mounting bank reserves is the flow of foreign gold...